Did you sell Google ( GOOG) on Thursday night? That's what Cramer asked his viewers at the outset of his "Mad Money" show on CNBC Friday night. "If you sold Google yesterday, you panicked," Cramer said. "This is a case of pure, unadulterated panic." The journalists acted like it mattered, Cramer said. "And they caused a stampede." The "it" he was referring to is seasonality. Uninformed reporters acted like seasonality matters, he said. "Don't listen to the words that management says," either, Cramer continued. Management gave investors the runaround the quarter before as well when it talked about seasonality. These growth companies don't have seasonality, Cramer said. "Seasonality doesn't make a bit of difference to Google," he said. What matters is earnings, which will be $8 a share next year. Cramer said the stock is cheaper than Yahoo! ( YHOO), eBay ( EBAY - Get Report), Marvell Technology ( MRVL) and Whole Foods Market ( WFMI). Still, even with Prudential's $400 price tag -- which it affixed to the stock earlier this week -- Cramer said that he is holding to his $350 target for the stock.
BullishCramer was bullish on: Whole Foods, H&R Block ( HRB), Halliburton ( HAL), Valero ( VLO - Get Report), Chesapeake Energy ( CHK), SirF Technology ( SIRF), CompuCredit ( CCRT), United Technologies ( UTX - Get Report), Buffalo Wild Wings ( BWLD), Identix ( IDNX), Chicago Mercantile ( CME - Get Report), Kerzner International ( KZL), Flir Systems ( FLIR), Aspect Medical Systems ( ASPM) and Ultra Petroleum ( UPL).
BearishCramer was bearish on: EchoStar ( DISH), Stillwater Mining ( SWC), Icos ( ICOS), DSP Group ( DSPG), HCA ( HCA), Cerner ( CERN), Agilent Technologies ( A), JetBlue ( JBLU - Get Report) and Wells Fargo ( WFC - Get Report).
Hello MotoMotorola ( MOT) is Cramer's pick of the week. Indeed, instead of waiting until next week to proclaim the company his stock of the week, Cramer said he had to tell his viewers on Friday night instead. Cramer wants investors in the stock now. Bottom line? "Own Motorola," he said. Doing a little housecleaning, Cramer got back to SanDisk ( SNDK), which posted second-quarter earnings Thursday that were better than expected. Cramer issued a mea culpa, saying that he had been cautious on the stock. He underestimated the company, he said. Jim Cramer had always-feisty markets commentator Herb Greenberg on as a guest again. The two talked about Hansen Natural ( HANS) and Tempur-Pedic ( TPX - Get Report). Greenberg said Hansen's stock has gone down lately not because the company recently said it would split shares 2 for 1 (instead of the 3 for 1 that some investors seem to have been hoping for), but because it's too expensive. The stock has climbed on the back of momentum investors, Greenberg said. Cramer acknowledged the red-hot nature of the stock, but said he always looks for places to make people money. Greenberg, for his part, said that he tries to help investors save money. As for Tempur-Pedic, the stock has been red-flagged by Greenberg. The company has a lot of competition. Even though the stock was down almost $6 on Friday, after it posted weaker-than-expected second-quarter sales, Greenberg said the stock still isn't a buy. Cramer concurred with Greenberg's assessment of the company and the stock.
|1.||Pigs Get Slaughtered||2.||It's OK to Pay the Taxes|
|3.||Don't Buy All at Once||4.||Buy Damaged Stocks|
|5.||Diversify to Control Risk||6.||Do Your Homework|
|7.||Don't Panic||8.||Buy Best-of-Breed|
|9.||Defend Some Stocks||10.||Don't Bet on Bad Stocks|
|11.||Own Fewer Names||12.||Cash Is for Winners|
|13.||No Regrets||14.||Expect Corrections|
|15.||Know Bonds||16.||Don't Subsidize Losers|
|17.||No Room for Hope||18.||Be Flexible|
|19.||Quit When Execs Do||20.||Patience Is a Virtue|
|21.||Be a TV Critic||22.||When to Wait 30 Days|
|23.||Beware the Hype||24.||Explain Your Picks|
|25.||Find the Bull Market|